At 3:30 p.m. on March 22, the KACPTA signed a business agreement with the Korea Institute of Local Finance (President Bae Jin-hwan), a leading local tax research institute in Korea, to establish mutual cooperation to suggest rational management measures for local taxes. The signing ceremony was attended by President Won Kyung-hee, Vice president Ko Eun-kyung, Vice president Kim Hyo-hwan, Director of research Kim Shin-eon, President Bae Jin-hwan and Vice president Ha Neung-sik of the KILF, Kim Pil-hun, and Park Sang-soo.